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lawmakers are edging closer to that year-end fiscal cliff, 31 days and counting now. today we'll get data on personal income, spending and manufacturing. we've got the futures pointing to a higher start. we'll see if the dow can extend its gains. it closed up 36 points to 13,021. the nasdaq up 20 to 3012. with one day to go in november, the nasdaq and the s&p 500 are in the black, but the dow is still in the red for the month. >>> zynga and facebook have changed their friend status. they're not as attached to one another. the companies have amended the terms of their partnership so zynga will no longer have to display facebook ads or use facebook payments on its own site or use facebook as the exclusive social site for its games, which include words with friends and farmville. facebook will be allowed to develop its own games after the end of march. so i wonder if we'll start seeing a lot of new games and more of those little announcement that say someone just bought a cow or bedazzled their tractor. can you bedazzle your tractor? >> maybe that's a game. create an app
lawmakers are edging closer to that year-end fiscal cliff, 31 days and counting now. today we'll get data on personal income, spending and manufacturing. we've got the futures pointing to a higher start. we'll see if the dow can extend its gains. it closed up 36 points to 13,021. the nasdaq up 20 to 3012. with one day to go in november, the nasdaq and the s&p 500 are in the black, but the dow is still in the red for the month. >>> zynga and facebook have changed their friend...
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Nov 29, 2012
11/12
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. >> we put revenue on the table as long as it's accompanied by serious spending cuts. >> the fiscal cliff is a series of tax increases and spending cuts that kicks in at the end of the year if congress doesn't act. at issue, how to get people that earn more than $250,000 a year to contribute more either by raising taxes or cutting their deductions. for more, we're joined this morning by tracie potts live in washington, d.c. good morning, tracie, first of all. now, the white house is bringing the president's plan to capitol hill during a series of meetings. who are the major players here? >> first of all, tim geithner and rob neighbors are the two big negotiators coming here. they're meeting with nancy pelosi and john boehner, mitch mcconnell and harry reid to really sort of sit down and present that plan. >>> let's talk about the president's plan and what it calls for. republicans receptive to it? >> reporter: well, they're receptive to the idea of it. we haven't seen details. what republicans are saying is we welcome you here, we want to talk, but we need to see details. facts, spe
. >> we put revenue on the table as long as it's accompanied by serious spending cuts. >> the fiscal cliff is a series of tax increases and spending cuts that kicks in at the end of the year if congress doesn't act. at issue, how to get people that earn more than $250,000 a year to contribute more either by raising taxes or cutting their deductions. for more, we're joined this morning by tracie potts live in washington, d.c. good morning, tracie, first of all. now, the white house...
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Nov 29, 2012
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. >>> treasury secretary tim geithner is holding talks about avoiding the year-end fiscal cliff of tax hikes and spending cuts. republicans are asking for more details from the white house about how president obama would curb the growth of benefit programs like medicare and medicaid. >>> the woman who could be nominated as the next secretary of state got a big show of support wednesday in the face of growing republican criticism. president obama called susan rice extraordinary and said he couldn't be more proud of the job she's done representing the u.s. at the united nations. and outgoing secretary of state hillary clinton said rice has done a great job. rice has been under fire, though, for her initial comments about the deadly september attack on the u.s. consulate in libya. >>> president obama welcomes election rival mitt romney to the white house today. they'll have a private lunch together. the president promised in his victory speech to meet with romney after their bitter campaign and consider his ideas for making government more efficient. >>> and yet another arrest this mornin
. >>> treasury secretary tim geithner is holding talks about avoiding the year-end fiscal cliff of tax hikes and spending cuts. republicans are asking for more details from the white house about how president obama would curb the growth of benefit programs like medicare and medicaid. >>> the woman who could be nominated as the next secretary of state got a big show of support wednesday in the face of growing republican criticism. president obama called susan rice extraordinary...
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Dec 1, 2012
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i know the speaker and i do not want to see us go over the fiscal cliff. we have got to get serious. we do not want to increase tax rates. we want to do something about the spending problem. remember, the goodwill -- the speaker put revenue on the table just after the election. he said, we get it. the president won his reelection and we won our be election. here is our proposal to the president that we were unwilling to give during that negotiation talks last year. >> they know that you put revenue on the table. will you pull back from them and give them some spending cuts question mark -- cuts? >> this is not a game. we are not interested in playing rope a dope. we do not want to see taxes go up on anybody. we want to engage in tax reform and get the economy going. we are not playing a game. that offer yesterday was simply not serious. thank you. >> next, house minority leader nancy pelosi talks to reporters about the so-called the school cliff negotiations. she urged house republican leadership to bring legislation to the floor regarding middle- class ta
i know the speaker and i do not want to see us go over the fiscal cliff. we have got to get serious. we do not want to increase tax rates. we want to do something about the spending problem. remember, the goodwill -- the speaker put revenue on the table just after the election. he said, we get it. the president won his reelection and we won our be election. here is our proposal to the president that we were unwilling to give during that negotiation talks last year. >> they know that you...
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Nov 30, 2012
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lawmakers are edging ever closer to that year-end fiscal cliff. today we'll get data on personal incomes and spending and manufacturing. the dow ended the day up 36 points to 13,021. the nasdaq up 20 to 3012. with one day left to go in november, the nasdaq and the s&p 500 are in the black for the month, but the dow is still in the red. >>> president obama today heads to pennsylvania to tour a toy factory outside philadelphia as he continues to push republicans to let the bush aera tax cuts expire for people who make more than $250,000 a year. tim geithner made the president's case yesterday meeting with the four congressional leaders on capitol hill. reports say the president's first salvo calls for tax increases, $50 billion in the infrastructure spending and the power to raise the debt ceiling without congressional approval. as you can imagine, guys, congress did not take very well to that, particularly on the republican side. but 31 days and counting here. >> here we go. >> the countdown is on. a lot of salty people on capitol hill. see if they
lawmakers are edging ever closer to that year-end fiscal cliff. today we'll get data on personal incomes and spending and manufacturing. the dow ended the day up 36 points to 13,021. the nasdaq up 20 to 3012. with one day left to go in november, the nasdaq and the s&p 500 are in the black for the month, but the dow is still in the red. >>> president obama today heads to pennsylvania to tour a toy factory outside philadelphia as he continues to push republicans to let the bush aera...
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Dec 6, 2012
12/12
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as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secretary tim geithner say the president is willing to see the country go off the fiscal cliff if republicans do not accede to his demands. >> it's probably pretty real. but you can't get to where we need to go by cutting spending, that won't cut it. you're going to destroy a fragile economy. you can't get there by taxing your way into it and you can't grow your way out of this. you have to have a blend. when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> let me ask you about a report that some republicans now are perhaps willing to see the tax rates rise to some degree on top earners in exchange f
as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secretary tim geithner say the president is willing to see the country go off the fiscal cliff if republicans do not accede to his demands. >> it's probably pretty real. but you can't get to where we need to go by cutting spending, that won't cut it. you're going to destroy a fragile economy. you...
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Nov 29, 2012
11/12
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cliff. white house negotiators head to capitol hill today. they're going to sit down with congressional leaders and talk about specific proposals from both sides for an agreement to avoid the fiscal cliff. nbc's tracie potts joins from us washington with those details. tracie, good morning. >> reporter: lynn, good morning. so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob neighbors bring the president's deficit-cutting plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter
cliff. white house negotiators head to capitol hill today. they're going to sit down with congressional leaders and talk about specific proposals from both sides for an agreement to avoid the fiscal cliff. nbc's tracie potts joins from us washington with those details. tracie, good morning. >> reporter: lynn, good morning. so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings...
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Dec 4, 2012
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tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't
tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't
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Nov 30, 2012
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i know the speaker as well as i do not want to see us go over the fiscal cliff, but feel very strongly we've got to get serious here. we don't want to increase tax rates. we're not going to increase tax rates. and we want to do something about the spending problem. and remember, the good will, the piece that is, i think, determinive here, the speakers put new revenues on the table just after the election and said we get it. the president won his re-election. we wonelection. >> they know they need to put revenant on the table, but will and give them the entitlement cuts? >> we will take this as a serious matter. this is not a game. we are interested in trying to solve the problem for the american people so that we do not see taxes go up on anybody, so we can engage in reform, get the economy going again. we're not playing a game. that offer yesterday was not serious. thank you. >> that was a portion of a briefing held earlier today. eric cantor talked about a bill that the house pass today that creates a new visa program. the vote was 245-139. the house is adjourned for the week, but me
i know the speaker as well as i do not want to see us go over the fiscal cliff, but feel very strongly we've got to get serious here. we don't want to increase tax rates. we're not going to increase tax rates. and we want to do something about the spending problem. and remember, the good will, the piece that is, i think, determinive here, the speakers put new revenues on the table just after the election and said we get it. the president won his re-election. we wonelection. >> they know...
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Nov 30, 2012
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. >>> optimism over avoiding that looming fiscal cliff now shrinking on capitol hill as lawmakers admit they have made no real progress in two weeks. president obama now taking his pitch out on the road to pitch those tax increases and spending cuts to the americans. later this afternoon, he'll walk the assembly line of this manufacturing company just outside of philadelphia. its main product, k'nex toys. the president says the middle class just won't be able to support companies like this without some deal in place to avoid the cliff. >> demand is going to go away because all of a sudden you'll have two, three, $4,000 a year coming out of people's paychecks. >> just yesterday house speaker john boehner called the massive tax increases and spending cuts scheduled for january 1st a real possibility at this point, but we're hearing a lot of washington insiders still believe a deal is doable. >>> 6:17. now a story you'll only see on nbc bay area. the san jose skyline could look a lot different if the city can get clearance from the faa. city leaders say they want taller buildings up to 40
. >>> optimism over avoiding that looming fiscal cliff now shrinking on capitol hill as lawmakers admit they have made no real progress in two weeks. president obama now taking his pitch out on the road to pitch those tax increases and spending cuts to the americans. later this afternoon, he'll walk the assembly line of this manufacturing company just outside of philadelphia. its main product, k'nex toys. the president says the middle class just won't be able to support companies like...
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Nov 30, 2012
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. >> reporter: a very different tone on capitol hill as fiscal cliff negotiations remain rocky. the president sent his top negotiator, treasury secretary tim geithner to meet with congressional leaders. afterward, house speaker john boehner said the white house had not proposed spending cuts needed to win critical republican votes. >> i have to tell you, i'm disappointed in where we are, i am disappointed in what's happened in the last couple weeks. >> reporter: senate majority leader harry reid fired back saying democrats put forward a serious plan and ridiculed boehner when asked about the argument that the ball is in the democrats' court. >> i don't understand his brain, so you should ask him. >> reporter: away from the hill, vice president biden took his own steps to push for fiscal cliff compromise, stopping in d.c.'s first costco. warning the economy could suffer greatly if lawmakers can't get a deal done. he proudly flashed his store membership card. >> i went to get my wife's card, she said no, no, no, get your own. >> reporter: according to sources at the white house an
. >> reporter: a very different tone on capitol hill as fiscal cliff negotiations remain rocky. the president sent his top negotiator, treasury secretary tim geithner to meet with congressional leaders. afterward, house speaker john boehner said the white house had not proposed spending cuts needed to win critical republican votes. >> i have to tell you, i'm disappointed in where we are, i am disappointed in what's happened in the last couple weeks. >> reporter: senate...
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veterans if no agreement is reached on the so-called fiscal cliff. this is 30 minutes. >> thank you, tommy. first, let me thank secretary panetta for his unwaiverring support, both for those of us in va, and the men and women who wear and have worn the uniforms of the nation. our close partnership, this meeting that we have today, on their behalf, has never been more important than it is today. entering the holiday season, i thank the men and women who spend these holidays away from their families, defending our nation, we're all very grateful for their service and sacrifice. as leon and iñhr discussed very little of what we do here in va originates here. most of what we work on originates in dod, and that's why achieving our priorities at va requires this close and collaborative working relationship. we have more work to do, but with president obama's strong support and guy dance, we brought the two departments closer together than ever before. we've underwritten joint va-dod medical facilities where they make sense, harmonizing our acquisition dec
veterans if no agreement is reached on the so-called fiscal cliff. this is 30 minutes. >> thank you, tommy. first, let me thank secretary panetta for his unwaiverring support, both for those of us in va, and the men and women who wear and have worn the uniforms of the nation. our close partnership, this meeting that we have today, on their behalf, has never been more important than it is today. entering the holiday season, i thank the men and women who spend these holidays away from their...
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let us start with where we are on the question of resolving the immediate fiscal cliff issues. how would you describe your temperature that there will be some kind of accommodation and a deal on the tax or spending sequester side or both? >> good morning. i am pleased to be with you and give you my perspective on where we are. i will start by something i often say when i am giving remarks in my district -- that i am struck with in my district in philadelphia. people of this same group no matter how partisan a are corn non-partisan the group is, people will say different things to me. they will say, i want you to go to washington and stand on your principles. go and fight for us. i say, i will. someone else will say, i want you to compromise and get things done. that is the 10th thing -- 10th time that has happened. that is what they hired me to do -- figure out how we do both. it is our job as representatives in congress, to fight for our values and priorities and principles we believe in and get something done. the divide that we are facing right now -- i hope that all represe
let us start with where we are on the question of resolving the immediate fiscal cliff issues. how would you describe your temperature that there will be some kind of accommodation and a deal on the tax or spending sequester side or both? >> good morning. i am pleased to be with you and give you my perspective on where we are. i will start by something i often say when i am giving remarks in my district -- that i am struck with in my district in philadelphia. people of this same group no...